LOCKHEED MARTIN CORPORATION
EIN 52-1893632 · MD · Manufacturing — Heavy
Benchmarked against: All industries · 50,000+ employees · all industries at this size, nationwide · n=115 employers (your plan plus 114 peers)
Fewer than the minimum (10) manufacturing — heavy employers of this size had broker pay on file, so the comparison widens to all industries at this size. The 115 figure is not manufacturing — heavy companies — it's every sector at your employee-size band, nationwide.
105,920
(latest)
Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).
Funding
$1,867,050
Broker pay, employer-paid lines (2024)
$1.47
71st pct vs peers · n=115
Lines disclosed: Life · Short-term disability · Long-term disability
Broker pay as a share of insured premium: 0.9% (peer median 2.1%, 15th percentile).
Without the 29 low-disclosure peers, this plan is at the 65th percentile of 86 comparable plans (your plan plus 85 peers).
Per-participant and share-of-premium comparisons differ because your plan insures a different mix of lines than most peers. The line-by-line rates below are the most direct comparison.
Employer-paid $1,867,050 benchmarked for 2024 · Voluntary $7,437,712 shown separately, compared by rate only · $50,000 shown as filed, excluded as a likely filing error
Why excluded?
1 broker compensation line totaling $50,000 on the Form 5500 appears to be filing errors (a commission above 100% of the premium reported on that contract, or pay above $200 per participant per month or $50,000,000 on one line). We verified these amounts against the DOL EFAST publication — they are as filed by the plan sponsor, not an Unbrokered ingest error. Those lines are shown as filed and excluded from peer benchmarks and headline PEPM.
Self-funded medical. This figure is commissions on the insured ancillary lines (life, disability, dental, vision, stop-loss). A self-funded employer's medical advisor is typically paid a fee outside these filings, so total broker pay is usually higher than the figure shown.
Broker commission rate by benefit line
What the broker earns on each insured line, as a share of that line's own premium — not a share of total broker pay, and not what the coverage cost. Peers for these tiles: the tightest available peer cell for each line. Full table below. How the national rates are built.
Life
1.9%
Peer median 2.1%
Within peer rangeVoluntary / worksite
14.0%
Peer median 4.3%
Within peer rangeShort-term disability
0.7%
Peer median 17.9%
Below peer rangeVoluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.
Dental and Vision are not on this filing as their own contracts, so there is no peer rate to show for them.
This page shows what was filed. The report shows what it means.
- What the gap is worth — the dollar difference vs. peer median, including a 3-year view
- The current structure compared against levels comparable plans actually reported
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Broker Compensation Benchmark Report
Peer distributions · dollar quantification · 3-year trajectory · modeled alternatives
SAMPLE
Where the $9,304,762 across all lines goes
Each broker and each benefit line, in dollars
How much broker pay rides inside the premium
Base commission against bonuses and other carrier payments, all funded through premium
Whether this number is drifting
Compensation across every filed year, against the peer median
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Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.
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Benefits covered (latest filing)
From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).
Disclosure opacity
What this filing doesn't show
This filing discloses no compensation on a health or stop-loss contract for 2024 — the plan's largest lines are absent from the public record. That is typical for self-funded plans, not reassuring: 53% of self-funded health plans with 100+ participants disclose the same — nothing (42K plans reviewed, 2024 filings). How we count this. The compensation still exists — under ERISA Section 408(b)(2), it must be disclosed in writing to the plan fiduciary on request.
Get the 408(b)(2) disclosure request letter — a ready-to-send request for the compensation this filing doesn't show. Free with an employer account.
Broker history
Benefit lines covered by year — broker identity limited on public pages
Medical here is self-funded. The employer pays its own health claims (usually through a TPA), so there's no insurance contract for medical and it never appears on Schedule A. The itemized coverages in this filing are the insured ancillary lines — dental, vision, life, disability. Schedule C captures advisor pay two ways: paid directly from plan assets, or received indirectly from a carrier or vendor in connection with the plan. This plan has no Schedule C on file — so any advisor compensation beyond those ancillary lines isn't captured in this filing.
Broker identity on this page is limited for public viewers. Sign in with your work email or share your plan basics for the full breakdown on your company.
Commission rates by benefit line
Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|---|---|---|---|
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 594 · 60,184 lives · Life | 1.9% | med 2.1% | Within peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 594 · 91,829 lives · Life | 0.3% | med 2.1% | No commission on this contract |
| Voluntary / worksite · contract 64759multi-product: accident + critical illness | American Heritage Life Insurance CompanyPlan 594 · 55,114 lives · Other (CRITICAL ILLNESS & ACCIDENT… | 14.0% | med 4.3% | Within peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 594 · 42,968 lives · Life | 0.3% | med 3.3% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 594 · 104,970 lives · Life | 0.3% | med 2.1% | No commission on this contract |
| Short-term disability ($0 premium) | Life Insurance Company of North AmericaPlan 594 · 11 lives · Short-term disability | 0.7% | med 17.9% | Below peer range |
| Voluntary / worksite · contract 99267 | American Heritage Life Insurance CompanyPlan 594 · 21,748 lives | 20.8% | med 15.9% | Within peer range |
| Voluntary / worksite · contract 64760 | American Heritage Life Insurance CompanyPlan 594 · 2,515 lives · Life | 53.0% | med 20.0% | Above peer range |
| Voluntary / worksite · contract 18447-0001-1-2 | Arag Services, LLC | 10.5% | med 15.9% | Below peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 594 · 7,506 lives · Life | 0.2% | med 6.4% | No commission on this contract |
| Short-term disability ($0 premium) | New York Life Group Insurance Company of New YorkPlan 594 · 4,495 lives · Short-term disability, Other (PAID… | 0.9% | med 7.1% | Below peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 501 · 3,340 lives · Life | 0.3% | med 6.4% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 512 · 3,114 lives · Life | 0.3% | med 6.4% | No commission on this contract |
| Voluntary / worksite · contract 64761 | American Heritage Life Insurance CompanyPlan 594 · 1,603 lives · Life | 42.6% | med 19.6% | Above peer range |
| Short-term disability ($0 premium) | Life Insurance Company of North AmericaPlan 594 · 2,298 lives · Short-term disability | 0.7% | med 12.0% | Below peer range |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 512 · 1,200 lives · Life | 0.3% | med 11.9% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 512 · 2,933 lives · Life | 0.3% | med 6.4% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 501 · 616 lives · Life | 0.3% | med 11.9% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 501 · 1,505 lives · Life | 0.3% | med 11.9% | No commission on this contract |
| Short-term disability ($0 premium) | Life Insurance Company of North AmericaPlan 512 · 362 lives · Short-term disability | 0.7% | med 15.3% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 591 · 246 lives · Life | 0.3% | med 15.2% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 512 · 210 lives · Life | 0.2% | med 15.2% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 591 · 175 lives · Life | 0.3% | med 15.2% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 501 · 108 lives · Life | 0.2% | med 15.2% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 591 · 428 lives · Life | 0.3% | med 15.2% | No commission on this contract |
| Short-term disability ($0 premium) | Life Insurance Company of North AmericaPlan 594 · 217 lives · Short-term disability | 0.7% | med 15.3% | No commission on this contract |
| Short-term disability ($0 premium) | New York Life Group Insurance Company of New YorkPlan 512 · 518 lives · Short-term disability, Other (PAID… | 0.9% | med 12.0% | No commission on this contract |
| Life ($0 premium) | Prudential Insurance Company of AmericaPlan 591 · 31 lives · Life | 0.2% | med 16.9% | No commission on this contract |
Bundled and other contracts — no single-line peer comparison
A bundled contract covers two or more lines on one premium (for example Health + Dental). Its effective rate is the commission on the whole premium; it is shown for completeness and never compared with single-line peers, because the mix of lines inside the bundle sets the rate as much as the broker does.
| Covers | Contract | Effective rate | vs. peers |
|---|---|---|---|
| Other benefitOther benefit | Kaiser Foundation Health Plan, Inc.Plan 594 | 0.2% | No comparable line |
| Other benefitOther benefit | Kaiser Foundation Health Plan IncPlan 594 | 0.2% | No comparable line |
| Short-term disability + Long-term disability | Life Insurance Company of North AmericaPlan 594 | 0.4% | Bundled; no single-line peer |
| Other benefitOther benefit | Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc.Plan 594 | 0.5% | No comparable line |
| Other benefitOther benefit | Kaiser Foundation Health Plan of WashingtonPlan 594 | 0.4% | No comparable line |
| Short-term disability + Long-term disability | Life Insurance Company of North AmericaPlan 512 | 0.4% | Bundled; no single-line peer |
| Short-term disability + Long-term disability | Life Insurance Company of North AmericaPlan 501 | 0.8% | Bundled; no single-line peer |
| Short-term disability + Long-term disability | Life Insurance Company of North AmericaPlan 594 | 0.8% | Bundled; no single-line peer |
| Short-term disability + Long-term disability | Life Insurance Company of North AmericaPlan 501 | 0.4% | Bundled; no single-line peer |
1 contract under $10,000 in premium — listed for completeness, not compared to peers. Show
- Short-term disability — Life Insurance Company of North America — Premium under $10,000 is too small to compare
How the peer group for each line was built
- Life: n=41 contracts, Southeast, 50000+ covered lives
- Voluntary / worksite: n=26 contracts, national, 50000+ covered lives
- Life: n=215 contracts, Southeast, 10001-50000 covered lives
- Short-term disability: n=733 contracts, Southeast, 1-100 covered lives
- Voluntary / worksite: n=97 contracts, Southeast, 10001-50000 covered lives
- Voluntary / worksite: n=249 contracts, Southeast, 2501-10000 covered lives
- Life: n=422 contracts, Southeast, 2501-10000 covered lives
- Short-term disability: n=75 contracts, Southeast, 2501-10000 covered lives
- Voluntary / worksite: n=1,103 contracts, Southeast, 501-2500 covered lives
- Short-term disability: n=325 contracts, Southeast, 501-2500 covered lives
- Life: n=1,145 contracts, Southeast, 501-2500 covered lives
- Short-term disability: n=1,476 contracts, Southeast, 101-500 covered lives
- Life: n=2,865 contracts, Southeast, 101-500 covered lives
- Life: n=832 contracts, Southeast, 1-100 covered lives
n = the number of peer contracts in that comparison group.
Everything in this table is from the 2024 filing. These 38 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate.
Who funds this. Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.
Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. Contracts under $10,000 in premium are listed for completeness, with no rate or peer position. A near-zero rate on a large premium usually means the broker is paid elsewhere (through a bundled contract, a Schedule C fee, or commission on other lines), so no market position is shown for that contract.
Plans on file
Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.
PN 594LOCKHEED MARTIN GROUP BENEFITS PLAN106K participants (2024)HealthDentalLife insuranceShort-term disabilityLong-term disabilityApprenticeship / trainingSeveranceOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 512LOCKHEED MARTIN CORPORATION GROUP INSURANCE PLAN FOR EMPLOYEES OF TRANSFERRED GE OPS IN THE BARGAINING UNIT4.3K participants (2024)HealthDentalLife insuranceShort-term disabilityLong-term disabilityApprenticeship / trainingSeveranceOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 501LOCKHEED MARTIN GROUP INSURANCE PLAN FOR AEROSPACE EMPLOYEES1.5K participants (2024)HealthDentalLife insuranceShort-term disabilityLong-term disabilitySeveranceOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 591LOCKHEED MARTIN CORPORATION GROUP INSURANCE PLAN FOR RETIRED EMPLOYEES0 participants (2024)HealthDentalLife insuranceShort-term disabilityOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.
At a glance
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How do similar employers compare?
Employers in the same peer group (Manufacturing — Heavy, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
- APPLE INC.CaliforniaCompensation disclosed →
- NORTHROP GRUMMAN CORPORATIONVirginiaCompensation disclosed →
- TESLA, INC.CaliforniaCompensation disclosed →
- RTX CORPORATIONConnecticutCompensation disclosed →
- GENERAL ELECTRIC COMPANY, OPERATING AS GE AEROSPACEOhioCompensation disclosed →
Browse more: Maryland employer health plans · Manufacturing — Heavy plans in Maryland · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year on file: 2024. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.
Report a data discrepancy
Unbrokered reports data as filed with the DOL. If you believe a figure is incorrect, tell us what it should be. We respond within 2 business days and, where the underlying filing has been amended, update on our next data refresh. We don't remove publicly filed information on request, but we do correct genuine errors.